Cardano price today is trading at $0.83, consolidating inside a tightening structure after pulling back from the $0.92 zone last week. Price action is compressing within a symmetrical triangle, with immediate support layered near $0.81–$0.82. Traders now weigh fresh governance news against technical resistance as ADA approaches a decisive breakout.

Cardano Price Consolidates Inside Triangle

The daily chart highlights ADA’s squeeze inside converging trendlines, with price holding above key moving averages. The 20-day EMA at $0.84 and 50-day EMA at $0.81 are providing short-term support, while the 100- and 200-day EMAs at $0.77 and $0.74 remain critical on the downside.

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The RSI at 48 reflects neutral momentum, showing neither overbought nor oversold conditions. A break above the $0.92 resistance could lead to $1.01 and potentially $1.14, which are the 0.618 and 0.786 Fibonacci retracement levels from the previous downtrend. Failure to defend $0.81 could expose ADA to a deeper test of $0.77 and $0.74.

Governance S…

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